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Heureka gains new shareholders and restructures company

Heureka gains new shareholders and restructures company

Darmstadt, 21 November 2018 – Heureka Real Estate GmbH (Heureka) is the name of the new holding company, under the umbrella of which all the property developer’s project companies will now operate. Heureka Development GmbH will continue as an independent service company, carrying out project management and control.

Heureka’s new shareholders are Harro Hellwege, managing director of Merkur Development, Russelsheim, and Rainer M. Ballwanz, managing director of Ballwanz Immobilien, Frankfurt. The two entrepreneurs, with their considerable real estate experience, are joining Heureka’s newly found-ed advisory board, advising managing directors Robert Waidhaas and Andreas Rossmann on the conception of new projects, maintaining contacts with officials, banks and investment companies, and on the recruitment of new staff.

Robert Waidhaas and Andreas Rossmann act as the sole managing directors of both Heureka and Heureka Development GmbH.

The new company structure enables Heureka competently to deal with the ever-increasingly larger and more complex projects. The company will be more broadly positioned in the future and will also focus on the hotel, micro-apartment and office sectors. In the course of this, both staff num-bers and the target project volume will increase significantly.

Heureka has already successfully completed numerous residential projects, such as “Neroblick” in Wiesbaden and “Bessunger Logen” in Darmstadt. In association with a project partner, it acquired the Rheinallee I site in Mainz during the past year. 17,000 square metres of gross floor area are developable on the around 6,400 square metre site, which is opposite the Kunsthalle Mainz. In addition to the planned residential development, around 6,500 square metres are earmarked for commercial occupation. A hotel is planned.

(The attached photo shows from left to right: Andreas Rossmann and Robert Waidhaas)
Photocredit: Heureka